TOMI recently concluded its three rounds of selling IDO, as well as pre-sale that was accessible via NFTs, and they have all been a resounding success.
The pre-show saw the custom NFTs, dubbed TOMI Heroes, up for sale and the value of the assets sold traded well after IDO.
The main round was completed in three phases, with the tokens available for sale on SushiSwap and Polygon for 30 minutes each. Despite the unusually short buying period, every sale saw a healthy engagement.
token sale
The pre-sale was conducted in three phases with each phase offering a slightly different price – DEXTools stats show that there are 485 TOMI token holders and that 750 million TOMI initially allocated to the SushiSwap pool has been reduced to just 4.922 million.
With a daily transaction volume of more than 1 million USD, TOMI has made a significant amount of money from these sales and all of these will go towards buying and burning the existing TOMI tokens in the market.
This action not only manages the supply of tokens within the market, but also helps to increase the price of tokens in the market by creating scarcity. The token burning process was conducted via a public address to ensure full accountability of TOMI holders.
From now on, TOMI’s liquidity on SushiSwap will be in a headline and the community will make decisions about its movement.
Through all of this, TOMI has emphasized that the ultimate goal is to improve society and this can be seen in upcoming product offerings.
Tommy promises transparency
As part of its bold public statement to improve the industry and demonstrate its 100% commitment to the development of the project, TUMI has also made sure to show investors that it intends to make a difference when it comes to transparency. To this end, TOMI 4 makes promises it has kept that show the project’s dedication to improving the crypto industry:
- Promise 1 – NFT Funds went to Tomi Pool before public launch
- Promise 2 – Increase rarity and value by burning TOMI
- Promise 3 – Tomi Control goes to the community
- Promise 4 – There is no tommy for the founders
Fulfilling these promises demonstrates TOMI’s commitment, both token holders, and to future developments. All of these promises can be verified via public blockchain activity, and at https://www.tomitoken.org/transparency.html.
Tommy’s development plans and future
Following promises made in the earlier stages of the project, TOMI has announced that a number of new features will be entering its ecosystem.
The first will be TOMISwap, which will be launched in October 2021. TOMISwap will operate as a decentralized crypto trading platform built on the Ethereum blockchain.
In line with Tommy’s vision, transaction fees will be capped at 0.3% of the transaction amount. This fee will then be split across a number of parties including liquidity providers, governance token providers and TOMISwap user gifts.
Users will also be offered rewards including staking to earn rewards and token airdrops.
The most important upcoming offering from TOMI is TOMIFundMe, a platform designed to help blockchain and crypto projects receive funding.
TOMI Tokens holders will be able to vote on a variety of promising projects and those with the most votes will receive a grant that will be funded through transaction fees from TOMISwap.
TOMIFundMe will be launched in the first quarter of 2022 and by the third quarter of 2022, the original TOMI blockchain will be officially launched. With all of these hot events in the wake of the TOMI token sale, the platform is clearly hitting the ground running.
To find more, visit the website at https://www.tomitoken.org/
